Definition
A surcharge added to ocean freight to recover fluctuations in the cost of vessel fuel, known as bunkers. Shipping lines adjust the BAF periodically as fuel prices and regulations, such as low-sulphur requirements, change. It is one of the variable surcharges that make up the all-in freight cost.
Frequently asked questions
What is BAF (Bunker Adjustment Factor)?
A surcharge added to ocean freight to recover fluctuations in the cost of vessel fuel, known as bunkers. Shipping lines adjust the BAF periodically as fuel prices and regulations, such as low-sulphur requirements, change. It is one of the variable surcharges that make up the all-in freight cost.
Which glossary terms are related to BAF (Bunker Adjustment Factor)?
BAF (Bunker Adjustment Factor) is a port & maritime term in the South African import/export industry. Related terms in the same area include Berth, Blank Sailing, Bunker Fuel, CAF (Currency Adjustment Factor), Cargo Dues — each has its own plain-English definition in the TradeCaravan glossary.